BR report 2018

70 71 TIME INVESTMENTS TIME:ADVANCE ABOUT TIME INVESTMENTS TIME is an award winning investment manager specialising in tax efficient investment solutions. Our original IHT service holds a 22-year track record and was one of the first to utilise Business Relief to offer IHT mitigation for investors. Over 3,000 investors have invested in our IHT services to date and we hold a 100% track record of successfully achieving BR. We have over £800m in assets under management and, with a nationwide team of 30 planning experts, we are dedicated to supporting the adviser community and professional connections. Our mission is to create transparent investment opportunities that bring long lasting peace of mind to investors and their advisers by seeking stable performance and consistent liquidity. To do this we have established a culture that revolves around our clients. TIME:ADVANCE Launched in 2013, TIME:Advance is our flagship IHT service for individuals and to date we have raised over £290m from more than 2,000 investors. The service has received consistent awards recognition, most recently being crowned ‘Best IHT Portfolio Service’ at Investment Week’s Tax Efficiency Awards 2017/18. The service targets 3.5% pa by investing in a diversified portfolio of asset backed businesses with a lower risk profile, including secured property lending, renewable energy, commercial forestry and self storage. TIME:Advance targets a low gross return (6.67%), showing the benefits of our approach where the underlying project level returns are lower than other offerings, while still delivering a similar net return. Additional points of differentiation are our deferred AMC, meaning it is only taken on exit, from the excess performance over the target of 3.5%, and the independent oversight provided by our Advisory Committee – comprised of relevant industry experts and our commitment to rebate some of the fees if early death occurs. TRIPLE POINT TRIPLE POINT ESTATE PLANNING SERVICE ABOUT TRIPLE POINT Triple Point has a long established reputation for designing innovative, compelling investment solutions, built around the needs of both private individuals and institutional investors. Triple Point’s estate planning solutions focus on providing funding to acquire critical assets and deliver essential services, which are central to the businesses and public bodies involved. There is a strong focus on safeguarding capital, not least by ensuring that its investment professionals negotiate and contract intelligently and fairly with counterparties. Triple Point is passionate about unlocking new opportunities for businesses and institutions seeking finance, and designing innovative and reliable financial solutions to attract capital. Combining expertise in leasing, lending, secured SME financing, project finance, private equity, and venture capital, the firm uses both tax- advantaged initiatives, such as Business Relief, and non-tax advantaged funds, such as fixed interest Bonds, to be able to offer compelling investments. Since 2004, Triple Point has invested over £1 billion and currently holds £800 million assets under management. OUR BR SOLUTIONS Triple Point provides estate planning solutions for corporates, trusts and individual investors. The flagship Triple Point Estate Planning Service (“TPEPS”) can provide individual investors and trusts with 100% relief from inheritance tax after two years without surrendering control or access to their capital. Open all year round, it provides access to two highly successful businesses, each of which has contributed to the achievement of steady, on-target, returns since inception. TP Leasing Limited (following the Generations strategy) is a leasing, lending and infrastructure finance business. It focuses on providing a small number of high value leases and loans to public sector organisations, such as the NHS, Local Authorities, and Corporates. Navigator Trading Limited (following the Navigator strategy) is a lender to the SME sector. It provides a high number of lower value business-critical leases and loans to a wide range of SMEs. Importantly, TPEPS uniquely helps to diversify an investor’s estate by offering access to leasing. Triple Point is the only BR provider that offers public sector leasing. INVESTMENT CASE STUDY Navigator Trading Ltd, through its investment in an SME leasing business, provides funding for credit card terminals to thousands of UK high street businesses. The support provided by investors since 2014 has helped this business build strong partnerships with terminal and service providers in an area which was previously dominated by high street banks, which sometimes rely on customers’ inertia or lack of awareness not to pursue better deals. The business now has over 65,000 SME customers, diversified across a very wide range of UK businesses in multiple sectors. As well as accessing funding for growth, it has benefited from working with Triple Point to enhance its reporting systems and collections performance, along with strengthening its relationships with key service providers. NAVIGATOR TRADING LIMITED Performance since inception: 27.3% RANGE OF TARGET RETURNS 4% TO 6% PER ANNUM Net of annual fees, charges and corporation tax 35% 30% 25% 20% 15% 10% 5% 0% MAR 14 NOV 14 JUL 15 MAR 16 NOV 16 JUL 17 NOV 17 JAN 14 SEP 14 MAY 15 JAN 16 SEP 16 MAY 17 SEP 17 SEP 13 MAY 14 JAN 15 SEP 15 MAY 16 JAN 17 NOV 13 JUL 14 MAR 15 NOV 15 JUL 16 MAR 17 TP LEASING LIMITED Performance since inception: 8.1% RANGE OF TARGET RETURNS 1.5% TO 2.5% PER ANNUM Net of annual fees, charges and corporation tax 12% 10% 8% 6% 4% 2% 0% MAR 14 NOV 14 JUL 15 MAR 16 NOV 16 JUL 17 NOV 17 JAN 14 SEP 14 MAY 15 JAN 16 SEP 16 MAY 17 SEP 17 SEP 13 MAY 14 JAN 15 SEP 15 MAY 16 JAN 17 NOV 13 JUL 14 MAR 15 NOV 15 JUL 16 MAR 17 INVESTMENT CASE STUDY STORAGE PORTFOLIO Our services own and operate a portfolio of self storage businesses. These are established facilities and are run on a day-to-day basis by two of the UK’s largest storage management companies, Lok’nStore and Storage King. The income of a storage facility is derived from the management and service fees paid by customers for the secure storage of their goods and belongings in the facility. Additional income is earned through the sale of insurance, merchandise and ancillary services, such as home moving and packing. The operating costs of a storage facility are largely fixed, as are occupancy levels, making revenues relatively predictable. In creating this portfolio, we selected storage facilities with stable levels of occupancy and an operating history, and the employment of high quality self storage management allows the portfolio’s facilities to benefit from nationwide advertising and the operator’s web presence. TIME:ADVANCE 12 MONTHLY PERFORMANCE 2014 2015 2016 2017 2018 (11 months to 28/02/18) 3.55% 3.62% 3.74% 3.83% 4.15%